HSY vs. STLD
HSY (The Hershey Company) and STLD (Steel Dynamics, Inc.) are both stocks. HSY operates in Confectioners (Consumer Defensive), while STLD operates in Steel (Basic Materials). Over the past 10 years, HSY returned 9.11%/yr vs 29.92%/yr for STLD. At a 0.18 correlation, their price movements are largely independent.
Performance
HSY vs. STLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HSY achieves a 1.25% return, which is significantly lower than STLD's 67.39% return. Over the past 10 years, HSY has underperformed STLD with an annualized return of 9.11%, while STLD has yielded a comparatively higher 29.92% annualized return.
HSY
- 1D
- 0.45%
- 1M
- -2.85%
- YTD
- 1.25%
- 6M
- 1.34%
- 1Y
- 10.63%
- 3Y*
- -8.39%
- 5Y*
- 3.29%
- 10Y*
- 9.11%
STLD
- 1D
- 1.15%
- 1M
- 23.29%
- YTD
- 67.39%
- 6M
- 65.42%
- 1Y
- 114.70%
- 3Y*
- 40.23%
- 5Y*
- 36.27%
- 10Y*
- 29.92%
HSY vs. STLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSY The Hershey Company | 1.25% | 10.98% | -6.51% | -17.88% | 21.86% | 29.58% | 5.90% | 40.20% | -2.92% | 12.33% |
STLD Steel Dynamics, Inc. | 67.39% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
Correlation
The correlation between HSY and STLD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 1996 | 0.18 |
The correlation between HSY and STLD shifts across timeframes, from 0.04 (3 years) to 0.18 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HSY:
$37.11B
STLD:
$40.94B
HSY:
$5.38
STLD:
$9.33
HSY:
33.80
STLD:
30.30
HSY:
3.08
STLD:
2.19
HSY:
7.84
STLD:
4.47
HSY:
$11.99B
STLD:
$19.01B
HSY:
$4.17B
STLD:
$2.66B
HSY:
$2.04B
STLD:
$2.23B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HSY vs. STLD — Risk / Return Rank
HSY
STLD
HSY vs. STLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hershey Company (HSY) and Steel Dynamics, Inc. (STLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HSY | STLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.50 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 5.81 | -5.46 |
| Martin ratioReturn relative to average drawdown | 0.87 | 19.49 | -18.62 |
Loading charts...
Drawdowns
HSY vs. STLD - Drawdown Comparison
The maximum HSY drawdown since its inception was -49.15%, smaller than the maximum STLD drawdown of -87.05%. Use the drawdown chart below to compare losses from any high point for HSY and STLD.
Loading charts...
Drawdown Indicators
| HSY | STLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.15% | -87.05% | +37.90% |
Max Drawdown (1Y)Largest decline over 1 year | -25.01% | -20.33% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -42.19% | -28.66% | -13.53% |
Max Drawdown (5Y)Largest decline over 5 years | -45.25% | -32.20% | -13.05% |
Max Drawdown (10Y)Largest decline over 10 years | -45.25% | -68.46% | +23.21% |
Current DrawdownCurrent decline from peak | -28.02% | 0.00% | -28.02% |
Average DrawdownAverage peak-to-trough decline | -13.10% | -33.27% | +20.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.00% | 6.04% | +3.96% |
Volatility
HSY vs. STLD - Volatility Comparison
The Hershey Company (HSY) and Steel Dynamics, Inc. (STLD) have volatilities of 9.48% and 9.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSY | STLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 9.70% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 20.08% | 24.96% | -4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.49% | 33.38% | -5.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 38.03% | -15.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.44% | 39.31% | -15.87% |
Dividends
HSY vs. STLD - Dividend Comparison
HSY's dividend yield for the trailing twelve months is around 3.11%, more than STLD's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSY The Hershey Company | 3.11% | 3.01% | 3.24% | 2.39% | 1.67% | 1.76% | 2.07% | 2.03% | 2.57% | 2.24% | 2.32% | 2.50% |
STLD Steel Dynamics, Inc. | 0.72% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
Financials
HSY vs. STLD - Financials Comparison
This section allows you to compare key financial metrics between The Hershey Company and Steel Dynamics, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HSY vs. STLD - Profitability Comparison
HSY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a gross profit of 1.22B and revenue of 3.10B. Therefore, the gross margin over that period was 39.4%.
STLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported a gross profit of 763.22M and revenue of 5.20B. Therefore, the gross margin over that period was 14.7%.
HSY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported an operating income of 640.69M and revenue of 3.10B, resulting in an operating margin of 20.6%.
STLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported an operating income of 538.00M and revenue of 5.20B, resulting in an operating margin of 10.3%.
HSY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a net income of 435.11M and revenue of 3.10B, resulting in a net margin of 14.0%.
STLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported a net income of 403.44M and revenue of 5.20B, resulting in a net margin of 7.8%.
Frequently Asked Questions
HSY and STLD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STLD has higher volatility (9.70%) compared to HSY (9.48%). In terms of maximum drawdown, HSY dropped -49.15% vs STLD's -87.05%.
STLD currently has the higher Sharpe Ratio (3.54 vs 0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HSY and STLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer